Could South Africa/Canadian mining partnership benefit both countries greatly?

The impact of emerging economies on the global investment stage is still in its early stages. One significant example is the way in which new major players such as China and India have been focusing on Africa as a source of new projects and developments.

Much of this involves the mining industry, as the continent has a wealth of natural resources across a whole range of products and commodities. Various nations and regions are rich in coal, oil and gas, while other areas have traditional value for gold and diamond excavations.

Another major area is that of rare earth metals, which continue to play an important role in a wide range of new technology applications and only look likely to increase their market share in the coming years.

Canadian investments 

Canadian investors are also looking to new opportunities away from the more traditional markets.

This includes looking at situations in areas that were previously unconsidered due to the potential rewards of investing there.

Mining operations abroad can be very profitable as labour costs can be much lower and rapid growth a real possibility.

Certain tax advantages such as Exempt Market Products (EMPs) may also come into play making an investment even more attractive.

Risks

Greater potential rewards usually mean that there are associated risks too. In certain parts of Africa, years of political instability have left long term economic programmes in an unhealthy state. In others, natural and manmade humanitarian disasters make conditions unpredictable.

However, the stability, both political and social, that South Africa has to offer means it is seen by many as the gateway destination for international investors from all over the world.

With an established mining industry, it means that there is continuity for new projects. For example, the Krone-Endora project is located immediately adjacent to De Beers’ Venetia Diamond Mine in northern South Africa.

This particular project has recently announced the completion of an 8.4km power line to the site, completing the infrastructure requirements and meaning that 24/7 production can now begin.

Process

The modern mining industry uses cutting edge technologies and advancements in working processes such as drilling and tapping, extraction and distribution are now more cost effective than ever.

This means that investors can look for solid returns without the worry of disruptions or downtime being caused by material failures. In the case of South African projects, the risks that might apply elsewhere in Africa are also virtually nonexistent.

This post has been provided by Mirage Machines, manufacturers and supplier of portable machine tools for on-site machining applications including drilling and tapping procedures.

Agricultural Area in Colombia

Puerto de carb—n de la empresa PRODECO, en Santa Marta.

A significant increase in the production of food and raw materials and a significant increase in the land used for agricultural production in the country, said the Agriculture Minister Juan Camilo Restrepo Salazar.

In 2011 the sown area, including forest, closed at 5.1 million, about 110,000 more than in 2010, said the official, according to the official press release.

The sectors that contributed to growth were mentioned 34 thousand hectares corn, cane, 24 000 hectares, rice, 23,000 hectares palm, with other 23 000 and 23 000 hectares soy.
Restrepo Salazar highlighted how, despite the cold wave that hit the country, agricultural production last year reached 24 million to 900 000 tonnes.

Compared to 2010, production of food and raw materials grew in 2011, 3.9 per cent, the equivalent of 946 000 tonnes.
Among outstanding results, the minister referred to the growth of GDP (gross domestic product) agricultural than last year despite strong winter and fall in coffee production, was 2.2 percent.

Last year the rate of rural unemployment stood at 7.3 percent, one of the lowest levels of the last ten years. The agricultural sector generated 80,000 new jobs, the report of the Ministry of Agriculture press.
In 2011 he placed FINAGRO-Banagrario credits for agricultural activities by 5.4 billion pesos, 23.1 percent more than in 2010.

More than 131 000 farmers benefited from the programs promoted by the Ministry of Agriculture as Productive Partnerships , DRE and Rural Opportunities.

So far the Government has formalized Incoder lots in the country for a million hectares to almost 40,000 displaced peasant families.
Since the enactment of the Law of Victims and Land Restitution , have received more than 16,000 applications for claims that are a million 269 000 hectares. It is expected that this semester the agrarian courts failures occur early restitution.

In commercial reforestation funds allocated to 95 projects with an area of 11,734 hectares in 2011 and 23 projects in 2012 to 4,227 hectares. The budget for incentives of commercial reforestation increased from 15,800 million in 2011 to 100 billion in 2012. Regarding rainy season , the minister reported that 31 000 farmers were benefited with relief and refinancing their credits ($ 120 billion), 40 thousand subsidized loans worth 681 billion and providing guarantees FAG for 35 000 loan applications.

Attention was given to 27 land improvement districts (small, medium and large scale) by 131 billion dollars and adequacy of Repelón stations and giant fish to produce 12 million fry.
More than 65 000 farmers were assisted with health programs for crops and livestock activities developed by ICA nationwide.

Twelve thousand families have received seeds of crops for the production of at least half a hectare for food security and provided training to 145 000 farmers in agricultural technologies to tackle climate phenomenon.
Regarding livestock, were supplied 26,000 tons of cattle supplements at low prices , with a 30 percent discount. Support was provided to farmers to purchase seed for pasture recovery (17 000 hectares).
Support was provided, also, the value of the vaccine against disease (second round 2011) to 3.5 million animals and became a free sample for brucellosis and bovine tuberculosis 400mil animals.

Minister made ??special mention of the program Restrepo Salazar rural housing this year will benefit 32,000 rural households. In 2013 will be delivered between 80-100000 rural housing new or improved and is expected to complete the four-year 200 000.

Stalls Investment in Mining Projects

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Mining Society says that only reach U.S. $ 8,000 million this year. 50% of the portfolio for the 2012-2016 period is late, what pledges U.S. $ 25,000 million.

Raw figures. The National Mining Society considered unlikely that mining investment this year to reach U.S. $ 10 billion, as estimated by the Government, due to the delay of 13 projects have been affected by social conflicts and bureaucratic obstacles.

Rather, the business association said the investment in 2013 will approach the result of U.S. $ 8,500 million, a figure that showed the sector during the previous year.

Of this amount, a total of U.S. $ 3.650 million will fund new works, said the president of the Society for Mining, Eva Arias.

IMPACT ON COPPER
The business representative reiterated that four mining projects, whose developments are planned for 2013 were postponed for the next two or three years due to the local situation and the impact of the credit crisis.

The deposits Invicta (Lima), Hilarion (Ancash), Quechua (Cuzco) and Haquira (Apurimac), mostly copper, representing an impact of U.S. $ 3,600 million in the investment portfolio.

Another 10 initiatives that were implemented last year, for $ 7.771 million were dilated, some until 2014 and other indefinitely.

The mining union estimates that there are 20 detainees whose investment projects amounts to U.S. $ 25,000 million, ie 50% of the portfolio in the sector for the period 2012-2016.

“We must continue to encourage exploration for ensuring an adequate level of reserves and not lose positions in the world ranking.

He recalled that the latest global results account for a decrease of Peru to third place in the production of copper and silver.

DATA
– Awaiting
The Society of Mining, Petroleum and Energy should not lose sight of the Conga project implementation (Cajamarca), Tia Maria (Arequipa) and Santa Ana (Puno).

– Resources
The impact of the delay could be significant considering that in 2012, mining generated a total of 211 thousand direct jobs and S/.9, 600 million in income taxes and royalties, warns the guild.

A Successful Maintenance Strategy

Many companies have recently implemented reliability initiatives aimed at optimizing the maintenance function on your plants. Some succeed, however, most will admit that they do not realize the benefits. There are many approaches to the successful implementation of a program of reliability , but I will talk about a proven model for improving maintenance program based on the reliability of a company by optimizing maintenance tasks focusing on failure elimination.

Let’s start by assuming that we have a large plant with many programs already in place in an attempt to move towards reliability based maintenance. A CMMS ( Computerized Maintenance Management System ) is used to manage the operation, it created quite a preventive maintenance program (PM, for its acronym in English) based on inspection, there is a predictive maintenance program to monitor relatively large state of the active . Many pieces of the reliability puzzle are there, but the cost and improving the reliability results have not come true, because it was not considered the integration of separate systems, each system leaving underutilized.

Often, programs like those mentioned above are seen by organizations as ‘independent’. However, if there is a concerted effort to refine and integrate all existing programs will usually increases in overall equipment effectiveness (OEE, for its acronym in English) with a significant reduction in maintenance spending.

Point
Success is usually measured by the improved profitability of the company. To achieve financial success of any project, the main cost factor addressed by the project has to be understood, for example, a plant can measure types of work (preventive, predictive, failures and modifications), labor and materials.

Suppose we are looking at a plant where about 15% of the work is predictive, 35% is preventive, 25% are unexpected failures, and about 15% of the PM is in arrears each month. In addition, the organization may have a large overlap between activities of preventive and predictive maintenance. Overlaps cost money and overlap occurs for a specific reason and it is important to understand before developing a maintenance strategy.

The plants can take many years to develop programs to PM and are encouraged to create PM’s because they are rewarded for reducing failures when put in motion a process of PM. Over time, these systems will grow to include PM inspections of all failures. The frequency can be adjusted and the PM can be applied to each piece of equipment that is similar to that failed.

The consequences or nature of the fault are usually ignored because they have nothing to do with the meetings with superiors explaining the failure. The machine failed, the boss is not happy, and the PM becomes even more unhappy boss. Over time, the number of PM’s increase to the point that many of them will not be completed, even with an extensive program of PM still there are flaws that can not be eliminated.

A plant will start a predictive maintenance program by monitoring a few very critical pieces of equipment with vibration analysis (where there is usually some success). If the organization has a great support for corporate deployment of predictive maintenance, will seek to apply the technology to 50% of its assets known and use all available technologies. To determine the amount of assets to be controlled, the plant must determine the number of technicians who can support and then buy the equipment necessary to perform the job.

Industry Achieves Low Natural Gas Price

industriThe President of the Confederation of Industrial Chambers of the United Mexican States ( CONCAMIN ), Francisco Javier Funtanet Mange, reported favorably concluded talks between the agency business, the federal government and the Energy Regulatory Commission ( CRE ) to reduce the price of natural gas extra 63-39 cents.

This reduction will finance imports to supplement energy supply and to avoid limiting critical alerts to the saturation consumption pipeline, plus they took action to ensure the supply in the coming years.

The Energy Secretariat ( Sener ), jointly with Petroleos Mexicanos ( Pemex ) and the Federal Electricity Commission ( CFE ), are already in the final settlement process from 2015 to the distribution of natural gas in the country.

Therefore, the Government will make strategic investments in pipelines and increased gas compression capacity in the distribution system, which will channel to properly target the natural gas imports and increased production by Pemex. It is recalled that a few weeks ago, the CRE announced the resolutions concerning the price of gas taking into account the increase in the import of LNG via Manzanillo, in order to eliminate critical alerts for ‘imbalance’ in the pipeline network system. The CRE announced an increase of 63 cents extra per Gigajoule.

“However, after careful analysis of the current requirements of LNG as well as fluctuations in prices and consumption, the same regulator approved a proposal for Pemex to reduce the extra cost of 63-39 cents per Gigajoule, thereby addressing the concerns of CONCAMIN, which were channeled through the Ministries of Energy and Economy, “the leader of the country’s industrial.

Funtanet Mange said that with strict discipline in tripartite industrial consumption, Pemex and CFE (main consumers of the country), you can ensure growth in the short term required by industrialists of the country, to have the necessary infrastructure and definitive aforementioned in the next two years.

CONCAMIN President reported that follow-up meetings held every two months infrastructure with Sener, Pemex and CFE, and within three weeks there will be another to analyze volumes of molecule to ensure the growth of the domestic industry.

Advance Mining Investment Projects

Despite opposition from some groups to some mining projects in the country, Grupo Mexico and Peñoles invested this year in two major projects, plus it is shaping up in Chihuahua Mining Cluster.

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The Mexican territory has 500 sites with high mineral potential, mainly gold, silver, copper and zinc, according to ProMéxico and the end of 2012, the country attracted $ 600 million of foreign direct investment in this sector.

Currently, Mexico is the fifth global destination for investment in mining projects and the fourth most attractive destination for exploration, just behind Canada, Australia and the United States, according to ProMéxico.

Investments in Durango and Sonora
The first week of April is expected the opening of the mine Velardeña Peñoles Industries, located in Durango, whose investment was about $ 200 million (mdd) and will generate 1,000 direct jobs.

The mine will operate with new technologies that will be used for the first time in the country, which will allow high productivity, lower operating costs and to optimize the use of water, energy and reduce emissions.

In this area, it has reserves to be exploited and processed at a rate of 6,000 tpd (ore treated per day), equivalent to 75,000 tons of zinc metal annually. Is mine is expected to be the largest zinc producer in the country.

Meanwhile, Grupo Mexico announced an investment of 1,000 million dollars to a concentrator and leach, which will become the world’s largest plant of its kind and, in turn, Buenavista del Cobre Cananea, Sonora, be placed as the second worldwide for production of copper, silver and gold.

With this investment, Grupo Mexico plans to reach an annual production of about 1.4 million tons of copper from 2015.

Mining Cluster
In Chihuahua was formalized in early March the Mining Cluster integration (Clumin) in the state, which to date already has eight companies of the 14 mining companies operating in the state.

Integrated companies are Agnico Eagle Mexico, Upper Pima Mine, Coeur Mexicana, Grupo Cementos Chihuahua, Santa Maria de Moris Mine, Minera Pozo Seco Diabras Peñoles but seeks to integrate all that are installed in Chihuahua.

Also produced a directory of local supply with about 50 companies, and it is estimated that there are another 30 that could add, since one of the objectives of the cluster will develop local suppliers for the sector and to encourage the certification of the same.

Panamanian Father of Mining Richard Fifer

These days, there are already a lot of well-known people in the world. Most of these personalities excel in different crafts such as movies, business, sports, politics and art. Although their expertise may be quite different from each other, all of them have one similarity and that is their fame. These days, South and Central America has been making a huge scene when it comes to business and mining. Because of its rich and abundant natural resources, countries in this location such as Colombia, Venezuela and Panama have been very successful in boosting their mining business. One particular person who is very famous when it comes to mining in the country of Panama is Richard Fifer. But who is Richard Fifer and what are his titles and positions that make him very famous?

Richard Fifer is commonly referred to as the father of Panamanian Mining. Richard Fifer has been a huge name in the world of mining that he holds a lot of positions and power. In fact, this man is the known President and the Chief executive Officer of the Petaquilla Minerals Ltd. Aside from this; he was also the CEO of the Petaquilla Copper Ltd. from 1999 all the way to 2002. Aside from these, Richard Fifer was also the National Security Advisor of the nation of Panama from 1999 to 2002. Before that he was also the governor of the Panamanian Province of Cocle from 1993 to the month of August in 1999.Aside from being in the politics, Fifer also founded the Geo Group in which he is also a major stock or shareholder. Richard Fifer is also involved in the consortium of 7 different companies that provide various products and services to Panama’s industrial sector. It stresses on petroleum, minerals, technology and as well as reforestation. He also became the Landmark general manager in Latin America and was able to establish regional offices in the city of Caracas in Venezuela. In addition to the accomplishments of Mr. Richard Fifer, he also became the leader of the 3D Technology in Latin America and has already installed more than 40 systems during 1987 to 1992. He is also considered as a scientist who spearheaded the development of new models for the gas and oil exploration in Venezuela, Argentina and the Gulf of Mexico.

Aside from his accomplishments and positions, Richard Fifer is also a well-educatedperson. He has a degree in Geology from the University of Utah in Salt Lake City. He is also a major in Engineering Geophysical science at Rice University in Houston, Texas. Aside from this, he also has a master Finance from Tulane University in New Orleans, Louisiana. These credentials and attainments of Mr. Richard Fifer have really made him a very famous and popular person.

More solutions for industrial enterprises

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The Best Way to Buy Heavy Equipment

The building industry is hit challenging by recent issues from the housing small business. Since development firms sell off or liquidate their inventories of heavy equipment and send them to construction equipment auctions, you might be capable to increase your personal corporation by shopping for things at auctions. Auctions are terrific ways to suit your needs to select up things like applied bobcat skid steers or skid loaders that for sale are way beneath typical sale charges. But auctions have long been known for sharp dealings and an “every guy for him” mentality.

It can be “Buyer Be Aware”. Reside auctions are thrilling. You will discover few warranties and security checks, so you have to go into an auction having a cautious mindset. Seem on the products getting offered in the auction catalog and go through trade journals, magazines, etc. to find out additional regarding the characteristics and specifications on the machines staying supplied.

Search for competitors at development equipment auctions. Attempt to arrive early and discover who arrives in what motor vehicle. Pay close awareness to logos on operate trucks, as a way to get an thought of what firms are participating within the sale. As soon as you will be physically with the auction, you are going to possess a time frame to inspect the equipment being provided. Use this time wisely. Inspect the machine as intensely when you can. Bring along another person that has worked on or repaired these types of machines, if you can.

Do not fail to remember the auctioneer fees. Determined by the auction household hosting the income, you may owe a buyer’s charge or premium that is certainly either a set charge or includes a sliding percentage scale rely on the final revenue amount. From the heat of the bidding war, folks in some cases neglect which they must shell out a lot more than just the announced bid. Tip #6: Buying machines from rental organization auctions. Frequently heavy equipment rental firms will sell off their inventories in either private revenue or auctions. The costs that these machines offer for is usually increased than through a comparable public auction.

For more details information, you can visit guide to Buy Heavy Machinery and New Plant Equipment pages online.

What level of sales and gold production in 2012

The Mining Department indicated that the MEM result is explained by the decrease in the activity of Minas Buenaventura (-36.65%), Mining Ditch (-35.97%) and Barrick Misquichilca (-28.78%), although the sand increased gold production at 651.58%.

Between January and June cumulative gold production was 85 million 168.466 fine grams, 6.45% higher than the same period of 2011 (80 million fine grams 8.673).

Yanacocha’s contribution to the growth of gold production reached 11.09 per cent.

While silver production grew by 2.36% in June from 273.297 fine kilograms in June 2011 to 279.746 kilograms fine in the same month this year.

This result is explained by the increased production that reported Sociedad Minera El Brocal (57.25%) and Minera Argentum (54.97%), while Cerro Administrator fell by 13.21%.

In the first six months of the year, cumulative production is one million pounds fine 699.456, 2.72% higher than the same period of 2011 (one million pounds fine 654.474).